As an important raw material of melamine resin molding powder, the market situation of melamine has attracted much attention. Today, Huafu Factory will share with you the latest melamine market conditions.

As of March 21, the average price of melamine enterprises was 8,050.00 yuan/ton (about 1,168 US dollars/ton), which was 0.92% lower than last Thursday (March 16).

Recently, the melamine market has been weak. The market price of raw material urea has been adjusted within a narrow range, with little impact on the cost side, and the utilization rate of melamine production capacity has increased, but the follow-up on the demand side is insufficient, the contradiction between supply and demand in the market is prominent, the sales of manufacturers are under pressure, and the focus of melamine market negotiations has declined.

For upstream urea, the domestic urea market was temporarily stable on March 21. On March 20, the reference price of urea was 2811.25, a decrease of 0.64% compared with March 1 (2829.38).

Huafu Chemicals believes that the current raw material urea price is high, and the cost support still exists, but the supply and demand side is weak, and the market trading atmosphere is flat. It is expected that the melamine market may run weakly in the short term.